The Senate is advancing a reconciliation package after adopting the FY2026 budget resolution in late April by a 50-48 party-line vote, which instructed the Judiciary and Homeland Security committees to produce legislation directing up to $70 billion in new spending primarily for Immigration and Customs Enforcement and Customs and Border Protection. Draft text released on May 4 totals roughly $72 billion and targets immigration enforcement priorities, with committee markups scheduled for the week of May 19 and a congressional aim for final passage by early June. The process allows Senate approval with a simple majority, bypassing the filibuster, though tight timelines and the need for House concurrence introduce potential delays. Trader consensus reflects high implied probability of Senate passage before month-end deadlines amid steady procedural progress.